Author: Steve Kearney
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USPS forecasts push back timeline of when it expects to run out of cash–Federal News Network
USPS forecasts push back timeline of when it expects to run out of cash Jory Heckman The Postal Service expects to withstand the financial impact of the coronavirus impact better than it anticipated a few months ago, but warns that it could still run out of cash before the end of 2021 without long-term reform…
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USPS May Results Improved Over April
June 25, 2020 We now have two months of data on the impact of Covid-19 on the Postal Service. We compare April and May each to the same months in 2019 to see the pandemic impact on USPS results. There are other factors mixed in, but the massive impacts of the crisis outweigh them. …
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Two Confirmed Governors Bring Total to Six
June 25, 2020 The Senate confirmed two more of President Trump’s nominees as USPS Governors. There are now six Governors. With PMG Louis DeJoy, the Board of Governors has a quorum plus one of seven. When he and the Governors appoint a Deputy PMG, the BoG will have eight members. And President Trump has…
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Alliance Notes
June 25, 2020 Linn’s Stamp News–U.S. Postal Service retreats from dire financial forecast Citizens Against Government Waste–CAGW Letter to New USPS Postmaster General DeJoy The American Spectator–Leaders in Congress Discover That Postal System’s New Cries for Help Are Greatly Exaggerated The Daily Signal–5 Big Initiatives New Postmaster General Should Deliver Forbes–Post Office Pensions Update: Playing…
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U.S. Postal Service retreats from dire financial forecast–Linn’s Stamp News
Postal Updates U.S. Postal Service retreats from dire financial forecast Jun 25, 2020, 8 AM The U.S. Postal Service’s forecast puts forward two scenarios. One calls for the USPS to run out of gas in March 2021 and the other in October 2021. Washington Postal Scene by Bill McAllister The United States Postal Service has…
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Alliance Alert–USPS on Running Out of Cash: Never Mind! 6/22/20
June 22, 2020 Dear Members & Sponsors of the Alliance of Nonprofit Mailers: Hello, everyone! We hope you are doing well! USPS on Running Out of Cash: Never Mind! Today, the USPS Chief Financial Officer & Executive VP, Joe Corbett, Finance & Strategy Senior VP, Luke Grossman, General Counsel & Executive VP, Tom Marshall, and…
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New PMG Louis DeJoy Starts with Employee Video
June 18, 2020 On his first official day in office, Postmaster General Louis DeJoy released an impressive video message to postal employees. The headline quote in the internal News Link is “Trajectory for success.” After praising postal employees and outlining the difficulties faced by the USPS, DeJoy explained why he took the job that many…
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USPS Results for May Likely Even Better
June 18, 2020 The month of April, the first full month under the coronavirus pandemic and associated shut-downs, proved to be much better than the USPS predicted. The boom in package shipping is offsetting much of the loss of monopoly-protected market-dominant mail. Here are the volumes and revenues the Postal Service reported for April: …
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Congressional Oversight Notices USPS Performance
June 18, 2020 Three senior Republicans responsible for House and Senate oversight of USPS wrote a letter June 8 to then-Postmaster General Megan Brennan requesting “…that the United States Postal Service (USPS) revise its projections for the direct impact of COVID-19. In the first eleven weeks of the crisis, USPS revenues were $330,414,152 higher than…
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PRC Approves USPS Ending of Customized Postage
June 18, 2020 In a ten-page order issued June 16, the Postal Regulatory Commission took no action to stop USPS from ending its Customized Postage program. As the Postal Service tightened the rules governing allowable content in recent years, the demand for custom stamps dropped, licensed providers dropped out, and lawsuits filed by those not…